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Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq 0
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- September 12, 2026
Saudi Arabia has closed a critical oil pipeline after it was attacked by drones launched from Iraq, as conflict in the Middle East widens. Iraq said it had fired a military commander and launched an investigation after admitting the drone attack on its neighbour’s East-West pipeline had originated in one of its provinces bordering Iran.
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Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint | Fortune 0
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- September 11, 2026
After weeks when Middle East diplomacy seemed dead in the water, a rare meeting between Iran and its Persian Gulf neighbors has renewed hope for a deal that could fully reopen the Strait of Hormuz. Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet
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How global trade and oil prices could be hit by Houthi advance 0
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- September 11, 2026
Fighters from the Iran-backed Houthi group have seized territory close to the Bab al-Mandab Strait in the Red Sea – a key trade gateway that links Asia and Europe. Houthis have said they pose no threat to international shipping but have reiterated their intention to target vessels from Saudi Arabia. Saudi Arabia has increasingly relied
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Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year | Fortune 0
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- September 11, 2026
The days of American backpackers jetting across Europe for $20 per ticket on Ryanair could be ending soon—according to Ryanair. When the war in Iran started squeezing airlines with higher fuel prices in March, Ryanair had a buffer: it hedged the majority of its estimated fuel needs at a set price through March 2027, a
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ASX slumps again as oil climbs to its highest mark since May 0
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- September 11, 2026
Stan Choe Updated September 11, 2026 — 10:10am,first published September 11, 2026 — 5:23am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The Australian sharemarket has fallen sharply at the open with oil prices climbing to their highest mark since May overnight as
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‘We worry now’: Oil tops $100, diesel hits record highs amid Iran war escalation | Fortune 0
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- September 10, 2026
Pockets of fuel shortages worldwide, continuing price spikes, and rising inflationary pressure are now more imminent amid the ongoing Iran war escalation and the continuing decline of global energy supplies, analysts said. On Wednesday, the global benchmark for crude oil topped $101 per barrel for the first time since July and the U.S. standard for
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